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BELLWETHER 2013 BELLWETHER HAS JOINED FORCES WITH COMMON GROUND TO FORM ONE STRONGER NONPROFIT DEVELOPMENT ORGANIZATION


A MESSAGE FROM THE CHAIR 2013 was an exciting year of change for Bellwether. On October 1, Common Ground and Bellwether Housing merged to become one organization. Common Ground and Bellwether share a 34-year legacy of providing affordability to low-income individuals, families, seniors and those with special needs. While Bellwether focused on meeting those needs in Seattle, Common Ground helped nonprofits throughout Washington. We believe the combined expertise and knowledge of the two organizations allows us to better meet affordability needs in a variety of locations. • I’m also proud of Bellwether’s high level of involvement in advocacy for affordable housing issues locally, regionally and statewide. Bellwether has become recognized and well-respected as a leader throughout the community, with representation on Housing Consortium boards, Puget Sound Regional Council efforts, Seattle Mayor’s Advisory Council, and other housing committees. Our active participation in these groups has given us the ability to exert greater influence over housing affordability issues that face our current and future residents. • In 2014, we’ll continue to build, manage and help other nonprofits build affordable apartments. We’ll also create a new 5-year strategic plan to define Bellwether’s future/expanded role in meeting the needs of the individuals and families we serve. • I’m excited to be part of this organization at a time when the need for affordable housing has never been greater and the future opportunity for Bellwether has never been better to do what we do best: serve low-income people who need affordable places to live.• Thank you for your continued support, commitment and collaboration. You make a difference in the lives of the people we serve. DOUGLAS DALEY Chair, Board of Directors


Chair Douglas Daley Sabbatical Vice Chair and Chair Elect

2013 BOARD OF DIRECTORS

JosĂŠ Quintana Plum Creek Timber Company, Inc. Secretary / Treasurer Keith F. Winzenried JPMorgan Chase

Bart Cima IBI Group

Thomas J. Martineau The Commerce Bank of WA

Robert DiPietrae Hendricks-Berkadia

Harry Matsumoto Quantum Management Services Inc.

Donnie Y. Griffin The Griffin Consultant Group

Mollie Means Investco Financial Corp.

Harris Hoffman HEH Management LLC

Kim Orr Point 32

Donald King DKA Architecture

Tim Overland Security Properties

Quentin Kuhrau Unico Properties

Jason Powell U.S. Bank

Duane Leonard Housing Authority of Snohomish County Ellen Sas Jones & Sas LLC James H. Lovell Opus Law Group

Elisabeth Woare Davis Wright Tremaine LLP

Brent Lower Washington Real Estate Holdings LLC

Marni Wright Pacifica Law Group

LEADERSHIP TEAM Sarah Rick Lewontin, Executive Director; Tory Laughlin Taylor, Deputy Director; Susan Boyd, Director of Real Estate Development; Vaughn McLeod, Director of Facilities and Construction; Sue Selman, Director of Property Management Carole Williams, Director of Human Resources; Shelley Farber, Director of Finance


CLIENTS OF OUR HOUSING DEVELOPMENT AND ASSET MANAGEMENT SERVICES COMMUNITY HOUSE MENTAL HEALTH AGENCY • DOMESTIC VIOLENCE SERVICES OF SNOHOMISH COUNTY EVERETT HOUSING • FAMILY SUPPORT CENTER OF SOUTH SOUND • HOUSING AUTHORITY OF ISLAND COUNTY INTERIM COMMUNITY DEVELOPMENT • KENNEWICK HOUSING • MASON COUNTY SHELTER MOUNT BAKER HOUSING • PIONEER HUMAN SERVICES • PLYMOUTH HEALING COMMUNITIES PROVIDENCE HEALTH & SERVICES • SEATTLE KING-COUNTY COALITION ON HOMELESSNESS SOLID GROUND • VALLEY CITIES COUNSELING AND CONSULTATION

MAJOR CONTRIBUTORS BELLWETHER BOARD AND STAFF

501 COMMONS

THE COMMERCE BANK OF WASHINGTON FOUNDATION GEOTECH CONSULTANTS, INC

HOMESTREET BANK

NICHOLAS AND DIANE LOVEJOY RAFN COMPANY STERLING BANK

APEX FOUNDATION

INTERLAND DESIGN

LAWRENCE TRELEVEN

BOB RYGG

UNICO PROPERTIES, INC.

WASHINGTON RE HOLDINGS LLC

ECOTOPE, INC.

INVESTCO FINANCIAL CORP.

NICHOLSON KOVALCHICK ARCHITECTS PS

RUNBERG ARCHITECTURE GROUP PLLC

BANK OF AMERICA FOUNDATION

DAVIS WRIGHT TREMAINE LLP

THE SEATTLE FOUNDATION

UNION BANK FOUNDATION

WEISMAN FAMILY FOUNDATION

BECU

• ENTERPRISE

HEATHER BUNN

COMMUNITY PARTNERS

PLUM CREEK TIMBER •

DOUGLAS SMITH

US BANCORP FOUNDATION •

JPMORGAN CHASE FOUNDATION

PACIFICA LAW GROUP

• •

KEYBANK FOUNDATION

PUCKETT & REDFORD PLLC

SPRAGUE PEST SOLUTIONS RICH WAGNER

JOHN WALKER

WELLS FARGO FOUNDATION

YOUR SUPPORT HELPS US BUILD AND PRESERVE MORE AFFORDABLE PLACES TO LIVE. CONTACT US TO LEARN HOW YOU CAN HELP.


Financials 92%

Rental Income

19,232,400

4%

Interest and Other

834,300

2%

Contributions and Grants

408,900

2%  Development, Construction

and Property Management Fees

Total Revenue

85% 8% 4% 4% 1%

Building Operations Mortgage Payments Program Expenses Administration Fundraising

Total Expenses Net Income (includes depreciation)

19,865,281 1,812,864 840,200 668,800 256,500 23,443,645 ($2,503,345)

464,700 $20,940,300


The Changing Faces of Bellwether LACHLAN FOSS “It’s great to serve the community doing a job that I love.“ ROSE THUNDERWOOD-COHEN “It’s very important to have a place like this. We need more Bellwether properties.”

SUSAN BOYD “Bellwether understands that disparity of opportunity among people in a community is not good for anyone in that community. It is a thoughtful steward of its people, its assets and its mission. This is why I work at Bellwether.”

HARRY MATSUMOTO I’m honored to be on the Board of Directors for this outstanding organization. The 2013 merger with Common Ground expanded its statewide presence and impact on helping families and individuals in need of affordable housing.


THE YEAR IN HIGHLIGHTS

2013

COMMON GROUND MERGED WITH BELLWETHER to form a stronger organization HIRED THREE ON-SITE RESIDENT SERVICES COORDINATORS, ensuring senior residents necessary services. FULLY-LEASED THE PARKER by year end, providing Queen Anne residents an affordable place to live. Started work on PHASE 1 REHABILITATION OF THE PARKER which will preserve the building well into the future. HELPED OTHER NONPROFITS by providing housing development services throughout Washington. Took over management of Historic Seattle’s BELBOY APARTMENTS, expanding our portfolio.


2013 Portfolio

BELLTOWN

VINE COURT

THE OREGON FIRST & VINE APARTMENTS SECURITY HOUSE

WALLINGFORD

STONE WAY APARTMENTS

QUEEN ANNE

THE PARKER

CASCADE / SOUTH LAKE UNION

GRAHAM / TERRY APARTMENTS

CASA PACIFICA


DOWNTOWN

STEWART COURT

THE CAMBRIDGE

EAGLES APARTMENTS

THE GILMORE

OLIVE TOWER

SOUTH SEATTLE

JUNEAU TOWNHOUSES

THE GENESEE

KINGWAY APARTMENTS

ROSE STREET APARTMENTS


NORTH SEATTLE

FIRST HILL

TATE MASON HOUSE

JOHN WINTHROP APARTMENTS

HEG / PHILLIPS HOUSE

MERIDIAN MANOR

30

CENTRAL DISTRICT

PROPERTIES

JUDKINS PARK APARTMENTS

VICTORIAN ROW

CASCADE COURT


CAPITOL HILL

PARDEE TOWNHOMES

MERCER COURT

THE ANNAPOLIS

STERLING COURT

BELLWETHER’S PROVEN TRIPLE BOTTOM LINE

CAPITOL HILL

ECONOMIC: more people have job stability and discretionary income. SOCIAL: children do better in school when their families can afford rent. ENVIRONMENTAL: people who live near transit drive less. BELLEVUE / OLIVE APARTMENTS

BELBOY APARTMENTS


3,248 WELL-DESIGNED AND MAINTAINED APARTMENTS IN SEATTLE. IN 2013 WE PROVIDED AFFORDABLE APARTMENTS FOR 3,200 RESIDENTS; 500 WERE SENIORS, 600 WERE CHILDREN. WE MANAGED 1,900 APARTMENTS. WE CONNECTED 79 HOUSEHOLDS TO SOCIAL SERVICES, INCLUDING 43 APARTMENTS FOR FAMILIES TRANSITIONING OUT OF HOMELESSNESS. THE AVERAGE ANNUAL HOUSEHOLD INCOME FOR RESIDENTS IN 2013 WAS APPROXIMATELY $23,000. BELLWETHER BY THE NUMBERS

SINCE 1980 WE’VE DEVELOPED

COLLABORATIVE PARTNERS ASIAN COUNSELING AND REFERRAL SERVICE BUILDING CHANGES

CASEY FAMILY PROGRAMS

HARBORVIEW MENTAL HEALTH SERVICES

BASTYR UNIVERSITY

BILL & MELINDA GATES FOUNDATION

COMPASS HOUSING ALLIANCE

HOMESTEP

EVERGREEN HOSPITAL’S GERIATRIC TEAM

HOUSING DEVELOPMENT CONSORTIUM

INTERIM CDA

KING COUNTY BAR ASSOCIATION • KING COUNTY DEVELOPMENT DISABILITIES DIVISION • KING COUNTY WASTE MANAGEMENT LIFELONG AIDS ALLIANCE • LIGHTHOUSE FOR THE BLIND • MERCY HOUSING • PRIORITY FOOTWEAR ST. JAMES IMMIGRANT ASSISTANCE

SENIOR SERVICES

YMCA OF GREATER SEATTLE – YOUNG ADULT SERVICES

SOUND MENTAL HEALTH

RED CROSS (LANGUAGE LINK)

WELLSPRING FAMILY SERVICES

YWCA OF SEATTLE – KING COUNTY – SNOHOMISH COUNTY

1651 Bellevue Avenue, Seattle, Washington 98122 206.622.2893 rental office 206.623.0506 administration bellwether@bellwetherhousing.org bellwetherhousing.org

Profile for Bellwether Housing

2013 Annual Report  

Bellwether Housing's 2013 Annual Report

2013 Annual Report  

Bellwether Housing's 2013 Annual Report

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